Automotive Equipment Market Size | Global Forecast, Trends & Outlook

Q: What is the overall size of the automotive equipment market?

The automotive equipment market is projected to reach USD 322.7 billion by 2031.

Q: What is the CAGR of the automotive equipment market during the forecast period?

The automotive equipment market is expected to grow at a CAGR of 6.3% during upcoming years.

Q: What are the major types of automotive equipment?

Key types include diagnostic tools, lifting systems, wheel alignment and balancing, emission testers, and tire changers.

Q: Which end users are contributing most to market growth?

Automotive OEM workshops, independent garages, fleet operators, and tire service centers are major contributors to equipment demand.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA5223

Publication Date: Jul 2025

How big is the automotive equipment market?

According to 6Wresearch internal database and industry insights, the automotive equipment market was valued at approximately USD 210.5 billion in 2024 and is projected to reach USD 322.7 billion by 2031. The market is expected to grow at a CAGR of 6.3% during the forecast period.

This growth is driven by the expansion of automotive production, increasing demand for technologically advanced workshop tools, and rising investments in EV infrastructure and diagnostic systems.

Key Growth Factors of the Automotive Equipment Market

Rising vehicle production and aftermarket expansion
Growing demand for advanced diagnostics and testing tools
Increasing adoption of EV-specific repair and service equipment
Technological innovations in alignment, lifting, and emission testing systems
Expanding automotive service centers and workshops in emerging economies
Stricter safety and emission regulations requiring updated servicing tools

Automotive Equipment Market Trends

There is a rising demand for smart garage solutions equipped with AI and IoT-enabled diagnostic tools. Integration of cloud-based platforms for equipment monitoring and inventory management is becoming common. Equipment tailored for electric vehicles, including battery diagnostics and high-voltage insulation testers, is gaining traction. Automation and robotics in workshop tools are reshaping service workflows across developed markets.

Emerging Developments in the Automotive Equipment Market

Recent innovations include augmented reality (AR)-based repair support systems and AI-assisted predictive maintenance tools. Wireless and mobile automotive tools are on the rise for improved convenience. Startups are developing modular workshop equipment for space optimization. Equipment manufacturers are collaborating with OEMs to offer brand-certified service solutions for dealerships and independent workshops alike.